The theater owner has come up with some interesting ideas, but this may be the most outlandish of the lot.
When it comes to selecting the most speculative AMC Entertainment investments, investors have a lot of options.
Is it a company willing to accept cryptocurrency as payment, or is it creating its own cryptocurrency? Maybe it’s a joint venture with another meme stock, like GameStop? (NYSE:GME) Isn’t it extreme to refuse to answer Wall Street analysts on earnings conference calls in favor of taking questions from tiny, individual shareholders? Adam Aron, the company’s CEO, did answer a question from an analyst during its third-quarter earnings call on Wednesday.
I believe that AMC genuinely embracing all of those concepts is very wise because it must continue to attract moviegoers to its theaters if it wants to get out of the deep hole it’s in. Maintaining a close relationship with small investors will certainly assist in narrowing the gap.
There is, however, a potential drawback to following every demand made by your consumers. Aron also said AMC is considering a number of other risky alternatives, including betting that the stock market will improve in order to shore up its finances. Even if it does, this move would jeopardize AMC’s fragile economic recovery.
AMC wants to get back into the content production business, and it’s considering investing in films that would be shown exclusively at AMC theaters. However, it’s a horrendous idea, just as much as it was the last time AMC attempted it.
Lights, camera, action!
Aron explained to investors that AMC’s previous raising of nearly $1.2 billion earlier this year gave the company significant flexibility in using the money to rebuild the business, one of which could be to produce its own movies.
He noted that AMC had been a 50% owner of Regal Entertainment’s Open Road Films, which won Academy Awards for best picture and best original screenplay in 2016 with the film Spotlight.
“It’s fascinating to think about if AMC would fund content now that there is such a buzz around it,” stated Aron, noting how much interest there is in media companies creating content these days. “The possibilities are endless. Will AMC fund unique content that can be viewed just at our own screens? These are all things we’ll have to look into in 2022 and beyond.”
He neglected to mention, however, that AMC had stopped producing material because it had lost a significant amount of money as a theater operator.
A box office failure
In 2011, AMC and Regal formed Open Road Films as a joint venture. The company’s first offering was Killer Elite, in which Jason Statham and Robert DeNiro played the leads. It floundered with this one. On a $70 million budget, it earned roughly $57 million in worldwide box office earnings.
Its next film did much better than the first. Liam Neeson’s thriller, The Grey, made almost $80 million worldwide on a budget of $25 million. However, despite the fact that Spotlight’s outstanding success brought in less than $100 million at the box office, AMC and Regal were unable to turn a profit.
The theater owners had collectively amassed over $90 million in losses from the time of the studio’s creation until its sale six years later, and they were unwilling to spend any more money into the business.
In the end, $28.8 million was paid for Open Road, and AMC received half of that sum in exchange for its 50% ownership stake.
Regaining lost ground
AMC announced that for the first time since the fourth quarter of 2019, practically all of its 1,000 movie theaters were operational and open at the end of March.
In the third quarter, 40 million people were entertained, and while revenue of $763 million was clearly far greater than what it earned in 2020, it had come back to almost even with the $797 million it earned two years ago.
Even so, it is still incurring significant operational losses, despite the fact that they have decreased considerably to $145 million this year from $675 million last year (it only made a $21 million profit in 2019).
Now is not the time to put a lot of money into a tough business, which Aron already understands all too well.
Bring down the lights
I appreciate AMC’s openness to ideas from its shareholders and the way it is considering ways to enhance its position past simply the movie screen, but resuming content production may stall the upward momentum it is beginning to see.
The theater owner must terminate this plan. It’s more likely to be successful with its own AMC cryptocurrency than with this one.
What Louis Tomlinson Thinks About A Possible One Direction Reunion
After breaking out in the media with hits such as “What Makes You Beautiful,” “Story Of My Life,” “Best Song Ever,” and more, 1D took the world by storm (via Digital Spy). However, in 2015, the boy band shocked their devoted followers when they announced that they will be taking a break. According to E! News, the group shocked their fans by announcing that they would go on hiatus in 2015. After Zayn Malik announced his intentions to leave 1D, the band decided to disband in order to focus on their own solo projects.
“They are great friends and fully support one another,” a source said of the group. “They are very aware that they are able to work on their own stuff as well as remain together. This is an exciting time for them creatively and as a group.” However, it appears that at least one member of One Direction was in opposition to the split.
Before the break, Tomlinson told The Guardian that he was feeling optimistic about the band. “In the last year of One Direction, I was probably the most confident I ever was,” he said. “And then it was: ‘OK, hiatus!'” He acknowledged that he struggled against it, but ultimately lost.
Since then, One Direction has yet to record any new music. The group’s future, on the other hand, appears promising.
Did Louis Tomlinson hint at a possible 1D reunion?
According to Cheat Sheet, since announcing the group’s hiatus in 2015, One Direction members have been working on their solo careers and other activities like beginning families. Louis Tomlinson recently spoke out about a possible reunion and left fans wondering if there could be hope for the group in the future, despite Harry Styles, Niall Horan, Liam Payne, and Zayn Malik all remaining quiet on the subject of a reunion.
In 2021, Tomlinson took part in the WIRED Google autocomplete challenge, answering queries about himself that fans most search for on the internet. He went through his tattoos, color of his hair, eye color, and more before finally getting to One Direction. When asked about the group he replied, “Good time in my life. Hopefully, we come back.” The return of an iconic logo inspired fans to believe that perhaps, just maybe, the band was reuniting. Fans also noticed that when Tomlinson referred to 1D as the band he “is” in before correcting himself to say “was,” he made a minor slip of the tongue.
Could Harry’s comments be hinting at a One Direction reunion? Despite the fact that it appears improbable for now, fans have not stopped hoping for the group to reunite and create new music in the future.
Kristen Stewart Discusses Her Upcoming Wedding
Kristen Stewart is not your average celebrity, so her engagement to girlfriend Dylan Meyer coming out of the blue was shocking only because she chose to make it public. In November 2021, E! News reported that Stewart was chatting with shock jock Howard Stern when she simply stated, “We’re marrying, we’re totally gonna do it.” The “Twilight” breakout added, “I wanted to be proposed to, so I think I very distinctly carved out what I wanted and she nailed it. We’re marrying, it’s happening.”
The couple was seen holding hands in May while walking through Los Angeles, but they’ve been together much longer. Meyer, who wrote Amy Poehler’s follow-up feature “Moxie,” wished Stewart a happy birthday in her own tweet. “Life sure is sweeter with this cute little family. Happy birthday, kiddo. You knock my socks off,” she wrote on Instagram alongside a shot of the actor snuggling with the couple’s shared dog.
“I can’t wait,” Stewart gushed to Stern in 2019 about proposing to Meyer. “I believe that good things happen quickly,” she added during the show, when she revealed that her fiance couldn’t wait either and was studying how to propose. In fact, the actor said, “When you know, you know.” Stewart and his partner were very happy together, according to sources. The two are now planning their big day together.
Kristen Stewart is eager to make it official
Kristen Stewart discussed her future wedding with fiancé Dylan Meyer in an interview on “CBS This Morning.” Per People, the “Spencer” star admitted that, although they haven’t set a date yet, she also doesn’t want a drawn out engagement. Stewart reasoned, “It’ll happen when it’s supposed to happen.” They’re eager to get it done soon, but Stewart is understandably quite busy at the moment, particularly given her burgeoning Oscar campaign.
On “Live with Kelly and Ryan,” the actor said she’d met Meyer “years ago” but they reconnected just before the pandemic. Describing the proposal as a “pandemic engagement,” Stewart revealed, “We were kind of moving about the world a little more freely at the time. We did have an engagement party, which was nice and lucky and obviously not something we could have done now so I’m thankful for that.” She and Sterling Meyer have a history together that dates back to 2019.
In January 2021, Stewart discussed her distaste for grand weddings during an interview with Stephen Colbert. She added, “I want to have a big party or something. I’m so un-ceremonial. I think we might just go do it this weekend or something, I don’t know, and then, like, just hang out with everyone afterwards,” (via YouTube). She added, “I just want to do it. I’m not a good planner. I can’t make plans for dinner. I like to pivot. You never know where I’m going, man.”
Is Brad Pitt Dating a Swedish Singer?
Brad Pitt, for example, has maintained his status as an iconic star throughout the years. In every period, Pitt has remained a heartthrob, and he just seems to get sexier as he gets older. While his boundless acting talent and exceptional choice of film projects to work on are what helped him gain celebrity, it’s his romantic life that keeps him in the news.
From the tragic breakup of his relationship with Jennifer Anniston to his even more devastating divorce from Angelina Jolie, Pitt’s love life is always fascinating. Fans become attached to his relationships, but there’s also a sense of mystery about whether he’ll go after someone new once they conclude.’ — Who will he date next? Since his split from Jolie, he has been rather low profile, save for those warm longing gazes Pitt gave Anniston at the SAG Awards. After spending months apart, they’ve recently been seen together in public. Now that he’s back in America, the gossip mill is up and running with speculation about a new worldwide love interest.
Source confirms Pitt is dating neighbor Lykke Li
According to Elle, Deux Moi has become the Instagram account everyone must follow right now. The blog has made extensive use of the underutilized resource of close sources leaking celebrity secrets, as well as an army of followers all around the world that are eager to snap a photo and send updates on everyone’s whereabouts. It is iconic and somewhat addicting to browse through every Sunday, making it an untapped treasure trove for those looking to break.
Who better to reveal some tea on who Brad Pitt may be dating than Deux Moi? A nugget was circulated connecting Pitt to his neighbor, Swedish singer Lykke Li.A reader responded, claiming that the two are merely pals.
“It was Lykke, they were dining together,” according to an inside source, Pitt and Li are dating, with an alleged fan sighting of them dining out being genuine. The insider also shared, “Brad and Lykke have been able to fly under the radar so easily because they’re neighbors.” She is also the mother of 5-year-old son with ex Jeff Bhasker, and she lives in Pitt’s district. The Sun’s source added, “It’s worked out perfectly for Brad, to have someone he likes living so close.”